Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GSD Group from Antwerpen, company number BE0673855238, closed financial year 2025 with a result of € -11,545 after tax. For that financial year GSD Group recorded a gross margin of € -5,640 and equity of € -9,332. Compared with financial year 2024, the result moved from € -3,552 to € -11,545. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ -9,332
▼ € 11,545 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11,545
▼ 225 % more loss than in 2024
Profit after tax over the fiscal year.
€ 638
▲ € 525 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -21,732.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 9,728
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 42,250
▲ € 41,311 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 127
▲ 280% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -254 | € -1,403 | € -3,157 | € -5,640 | ▼ € 2,483 |
| Profit after taxes | € -342 | € -1,442 | € -3,552 | € -11,545 | ▼ € 7,994 |
| Equity | € 12,673 | € 11,231 | € 2,213 | € -9,332 | ▼ € 11,545 |
| Total debts | € 0 | € 1,228 | € 467,534 | € 525,995 | ▲ 13% |
| Cash | € 10 | € 774 | € 114 | € 638 | ▲ € 525 |
| Retained profit | € 273 | € -1,169 | € -10,187 | € -21,732 | ▼ € 11,545 |
| Balance sheet total | € 12,673 | € 12,459 | € 469,746 | € 516,663 | ▲ 10% |
Key figures of GSD Group, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to GSD Group?
What happened at GSD Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 11,545. filed late Source: NBB ↗
- Dengiz Sari became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 342 loss in 2022 to € 11,545 loss in 2025.
Paid € 94 in corporate taxes since 2022.
Management
Behind GSD Group is Dengiz Sari. The shares are held by Dengiz Sari.
Directors
According to the 2025 annual accounts
Dengiz Sari
Director
Is a shareholder
since 2024
Shareholders
Dengiz Sari · director
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Augustijnenstraat 20
2000 Antwerpen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0673.855.238
- VAT number
- BE 0673.855.238
- Registered office
- Augustijnenstraat 20, 2000 Antwerpen
- Names & denominations
- GSD Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 April 2017
- Peppol
- Active · Active since 23 Jan 2026
- Activities · NACE
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